members examined the possible theoretical advantages of a two-way convertibility undertaking and noted that a number of other currency board systems had such an undertaking in place.
委员会研究了双向兑换保证理论上的好处,也获悉多个其他货币发行局制度也有这种承诺。
the stable foreign exchange and money market conditions reflected in part the successful implementation of the technical measures to improve the currency board system in september 1998.
外汇和货币市场保持稳定,部分原因是一九九八年九月推出多项强化货币发行局制度的技术性措施奏效所致。
the sub-committee also recommended that the net interest payable or receivable and revaluation gains or losses on interest rate swaps should be included in the currency board account.
委员会又建议有关利率掉期合约应付或应收利息凈额以及重估收益或亏损应包括在货币发行局帐目内。
in the recent round of attacks on the hong kong dollar, the currency board system has proven to be most effective.
不过,正因为我们奉行货币发行局制度,港元一旦受到沖击,利率便会自动攀升。
when hong kong’s financial secretary decided to adopt the currency board system and peg the hong kong dollar to the us dollar in 1983, i was involved in the discussions.
一九八三年香港的财政司考虑港元采用钞票局的制度,让港元与美元挂钩,我参与了讨论。
some fear a repeat of the doomed struggle to keep argentina’s currency board afloat in 2000-01; or perhaps worse if one currency’s collapse swamps others.